JDVL vs PVAL
John Hancock Disciplined Value Select ETF vs Putnam Focused Large Cap Value ETF
Which is better, JDVL or PVAL?
PVAL has been ahead.
PVAL has a lower expense ratio. PVAL led over 1Y and the full window. JDVL is less concentrated, with 40.0% of the fund in its ten largest positions against 42.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JDVL | PVAL |
|---|---|---|
| Expense Ratio | 0.56% | 0.55%Best |
| AUM | $948M | $14.9B |
| Dividend Yield | 1.48% | 0.92% |
| Holdings | 41 | 93 |
| YTD Return | +15.90% | +17.95%Best |
| 1Y Return | +21.37% | +27.77%Best |
| 3Y Return (annualized) | - | +24.11% |
| 5Y Return (annualized) | - | +16.54% |
| Volatility (annualized) | 12.2% | 9.7%Best |
| Max Drawdown | -9.2% | -7.2%Best |
| $10,000 over 1.2 years | $12,918 | $13,577Best |
| Top 10 Weight | 40.0%Best | 42.7% |
| Fund Family | John Hancock Investment Management | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 6, 2025 | May 25, 2021 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Aug 6, 2025 to Oct 14, 2026 (1.2 years).
JDVL vs PVAL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.2 years both funds cover.
JDVL vs PVAL Performance
John Hancock Disciplined Value Select ETF (JDVL) is an ETF from John Hancock Investment Management and Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments. Over the past year JDVL returned +21.37% while PVAL returned +27.77%. Year to date, JDVL is up 15.90% versus a gain of 17.95% for PVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JDVL has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 9.7% for PVAL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.2% for JDVL and -7.2% for PVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JDVL charges 0.56% per year while PVAL charges 0.55%. On a $10,000 position that is $56 vs $55 annually, a gap of $1 per year that compounds over a long holding period. On income, JDVL currently yields 1.48% against 0.92% for PVAL.
Holdings Overlap
26.3% of JDVL's money is in holdings PVAL also owns. 26.4% of PVAL's money is in holdings JDVL also owns.
PVAL and JDVL share little of their money.
8 positions in common, counted across the 39 positions we hold weights for in JDVL and 45 in PVAL, against full books of 41 and 93.
What only one of them owns
Our book lists 34 positions for PVAL that do not appear in our book for JDVL (69.8% of the fund), and 28 for JDVL that do not appear in PVAL (65.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JDVL | Weight in PVAL | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.77% | 9.26% | 3.49% |
| AMZNAmazon.Com Inc | 7.48% | 4.70% | 2.78% |
| PMPhilip Morris International Inc. | 3.17% | 2.64% | 0.53% |
| FCXFreeport-mcmoran Copper & Gold Inc. | 1.97% | 3.12% | 1.15% |
| COFCapital One Financial Corp. | 2.32% | 2.16% | 0.16% |
| ABBVAbbvie Inc. | 2.19% | 1.94% | 0.25% |
| APOApollo Global Management | 1.80% | 1.37% | 0.43% |
| FDXFedex Corp | 1.61% | 1.26% | 0.35% |
26.4% of PVAL is already inside JDVL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JDVL or PVAL?
JDVL has an expense ratio of 0.56% while PVAL charges 0.55%. PVAL is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, JDVL or PVAL?
Over the past year JDVL returned +21.37% vs +27.77% for PVAL, so PVAL leads on 1-year performance. Over the longest common window we track (1 years), JDVL annualized +23.78% vs +29.02% for PVAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JDVL or PVAL?
JDVL has been the more volatile fund at 12.2% annualized versus 9.7% for PVAL. Worst drawdown: JDVL -9.2% vs PVAL -7.2%.
Should I hold both JDVL and PVAL?
JDVL and PVAL have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JDVL and PVAL?
26.4% of PVAL's money is in holdings JDVL also owns. 26.4% of PVAL's is in holdings JDVL also owns. They hold 8 positions in common, counted across the 39 positions we hold weights for in JDVL and 45 in PVAL.
Which pays a higher dividend, JDVL or PVAL?
JDVL yields 1.48% while PVAL yields 0.92%, so JDVL currently pays the higher dividend yield.
Is PVAL better than JDVL?
PVAL has a lower expense ratio. PVAL led over 1Y and the full window. JDVL is less concentrated, with 40.0% of the fund in its ten largest positions against 42.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.